08 M5 Silverstone or F10 550i M-Sport
03-19-2012, 04:27 PM
#11
Contributors
Join Date: Dec 2007
Location: The State of Southern NJ!
Posts: 5,972
Likes: 0
Received 0 Likes
on
0 Posts
My two cents, spend them as you see fit! 
03-19-2012, 07:33 PM
#12
Senior Members
Join Date: Oct 2010
Location: Los Angeles, CA
Posts: 2,163
Likes: 0
Received 2 Likes
on
2 Posts
My Ride: ///M5 BEAST
Model Year: 2006
My M5 is out of warranty....
Looked into aftermarket warranties....mofos wanted lump sum payments of $5k to $7k.....ummm, no. lol
Looked into aftermarket warranties....mofos wanted lump sum payments of $5k to $7k.....ummm, no. lol
03-19-2012, 07:39 PM
#13
Contributors
Join Date: Oct 2007
Location: Thousand Oaks, California
Posts: 11,084
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 550i Jet Black on Black Leather, SAT with Paddles, Logic 7, Comfort Seats, NAV, Sport Package, PDC, Xenons, Sirius, Trinity 12W LED Angel Eyes, RPi GT Exhaust, M rear spoiler, ACS Roof Spoiler, Tinted Tail Lights, Bimmian Carbon Fiber Pillar Trim, Bimmian Shadow 550i emblem, RPi Scoop, E60 Forum Cling, Mtec bulbs in fog lights, Mtec 2W LED for License Plate Light Bulbs, K&N Filter, Bimmian LED Smoked Side Markers, Blackout roundels, Carbon Fiber Kidney Grills.
Retired Rides - 1989 325i convertible, 1995 M3, 2002 X5, 2005 545i, 2008 X5 (Lemon)
03-19-2012, 07:52 PM
#14
Contributors
Join Date: Feb 2006
Location: NY
Posts: 14,646
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 Silverstone II E60 M5 2012 E70 AW X5 50i Sport w/ LCI Aero Kit and Rocker Panels
Wow - I paid $2500 for the top of the line warranty on my M5 for another 4 years (However, I've also owned it for the last 4 years under the standard BMW warranty). You should try some other companies, as $5K seems like a lot and $7K is ridic!
03-21-2012, 09:54 AM
#15
Senior Members
Join Date: Oct 2008
Location: LI, NY
Posts: 893
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 04 530i
06 ///M5
I've been adding a quart of oil every 1,000 miles or without any issues. Guess she's just thirsty all the time lol. But if someone is going over on an oil change service(15,000/1yr) the car in general probably wasn't taken care of and maintained well period (as C already stated). Most of us change our oil by atleast the 7,500 mile mark (even though I burn through almost 8 qt's in that time haha I wish filters could last forever!! Then I would never need an oil change 
)
)
03-21-2012, 10:03 AM
#16
Senior Members
Join Date: Oct 2010
Location: Los Angeles, CA
Posts: 2,163
Likes: 0
Received 2 Likes
on
2 Posts
My Ride: ///M5 BEAST
Model Year: 2006
well when i got the quote it was for a 2006 M5 with 46k miles....low miles to me...but some say its high miles so.....either way they lost out on a sale. shit, for $5k to $7k id rather put that money in the bank and let it appreciate at 3% to 5% and yank it out when needed for any repairs...but thats just me.
*currently driving around with all fingers & toes crossed*
*currently driving around with all fingers & toes crossed*
03-21-2012, 10:15 AM
#17
Contributors
Join Date: Nov 2005
Location: nyc
Posts: 1,256
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2010 M5 alpine white, black full leather, etc.
[quote name='umichchris' timestamp='1332353013' post='1428997']
well when i got the quote it was for a 2006 M5 with 46k miles....low miles to me...but some say its high miles so.....either way they lost out on a sale. shit, for $5k to $7k id rather put that money in the bank and let it appreciate at 3% to 5% and yank it out when needed for any repairs...but thats just me.
Where can you get 3-5% interest from a bank? I want to open an account!
well when i got the quote it was for a 2006 M5 with 46k miles....low miles to me...but some say its high miles so.....either way they lost out on a sale. shit, for $5k to $7k id rather put that money in the bank and let it appreciate at 3% to 5% and yank it out when needed for any repairs...but thats just me.
Where can you get 3-5% interest from a bank? I want to open an account!
03-21-2012, 10:19 AM
#18
Senior Members
Join Date: Oct 2010
Location: Los Angeles, CA
Posts: 2,163
Likes: 0
Received 2 Likes
on
2 Posts
My Ride: ///M5 BEAST
Model Year: 2006
depends on the term/commitment....but once you go over $5k ROI gets better...there are 5 year CDs that give you 3%....
*disclaimer, im in advertising....not finance so im only quoting what my broker has told me lol*
Where can you get 3-5% interest from a bank? I want to open an account!
[/quote]
*disclaimer, im in advertising....not finance so im only quoting what my broker has told me lol*
Where can you get 3-5% interest from a bank? I want to open an account!
[/quote]
03-21-2012, 10:21 AM
#19
Senior Members
Join Date: Oct 2008
Location: LI, NY
Posts: 893
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 04 530i
06 ///M5
Not any more! The good old days of high percentage bank interest are gone for good... PS I drive around with no warranty as well and lets just say I've spent about 15,000 on repairs in the last 2 years. 2 alternators, 2 belts, 1 alternator pulley, 2 fuel vent valves 5 months with loaners... Shit adds up quick with the parts/labor at the dealership (going to start looking for a good indy shop soon). Original smg pump/clutch still going strong at 75k miles though lol.
03-22-2012, 07:03 AM
#20
Members
Thread Starter
Join Date: Feb 2009
Location: Atlanta, GA
Posts: 16
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: E60. MY 2006 Grey interior/ Silver. No mods. Previous car: 1997 E39 Hunter Green 528i.
Thanks, guys. I feel I need to shy away from this one for now. I think I will search for a CPO'd 550i to come in. We have gotten some 528's and 535s, so I will try to be a little patient and see if we get any 550s. In the meantime, if a newer M5 comes in as a CPO, I may jump on it.
But with the warranty on this one about to expire and buying a warranty (even at cost for the dealership is still $7k), it now seems like I'd be doing too much to try and make the car work. If it doesn't fit, I shouldn't try to make it.
But with the warranty on this one about to expire and buying a warranty (even at cost for the dealership is still $7k), it now seems like I'd be doing too much to try and make the car work. If it doesn't fit, I shouldn't try to make it.
Thread
Thread Starter
Forum
Replies
Last Post